When something is paid in advance and must be expensed over one or more months in the future, accounting professionals must properly record the expense in a timely manner. The normal method for making this monthly entry is to use a journal entry (debit expense, credit prepaid expense). Advertisement. Many businesses make use of one Prepaid Expenses asset account in which several prepaid expenses commingle.
Homeopathic remedies are regulated by the U.S. Food and Drug Administration (FDA). However, FDA does not evaluate the remedies for safety or effectiveness. Several key concepts of homeopathy are inconsistent with fundamental concepts of chemistry and physics.
Homeopathy is fairly common in some countries while being uncommon in others. In some countries, there are no specific legal regulations concerning the use of homeopathy, while in others, licenses or degrees in conventional medicine from accredited universities are required. Homeopathy is a pseudoscience and its remedies have been found to be no more effective than placebo.